Commercial Metals: Fiscal Q4 Earnings Snapshot

IRVING, Texas (AP) — IRVING, Texas (AP) — Commercial Metals Co. (CMC) on Thursday reported fiscal fourth-quarter profit of $184.2 million.

The Irving, Texas-based company said it had net income of $1.56 per share. Earnings, adjusted for one-time gains and costs, were $1.69 per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.84 per share.

The manufacturer and recycler of steel and metal products posted revenue of $2.21 billion in the period.